Home | Los Angeles County | Long Beach | 90803 | 4124 E Broadway
MLS: CRPV26079470 | Status: Active | Price: $1,999,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,130 | 1956 |
4124 E Broadway presents a rare opportunity to acquire a well-maintained Spanish-style residential income property in the highly desirable Belmont Shore / Belmont Heights coastal enclave of Long Beach. The asset consists of four units, including two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio unit (buyer to verify permits), offering a diversified unit mix that supports durable tenant demand across multiple renter profiles.The property generates approximately $ 9,775 in monthly gross income ( $117,300 annually), equating to a 5.4% current cap rate. With demonstrated rental upside and below-market in-place rents, investors can expect an even greater cap rate with strategic interior upgrades, unit turns, and alignment to prevailing market rents. The partially renovated studio unit provides an immediate value-add component, reducing initial capital outlay while illustrating achievable rent premiums. This offering represents a compelling blend of stable cash flow and operational upside, supported by strong underlying fundamentals in a supply-constrained coastal submarket. Belmont Shore/Belmont Heights continues to exhibit high occupancy levels and resilient rent growth due to limited new multifamily development, coastal zoning restrictions, and sustained lifest
| Field | Value |
|---|---|
| MLS # | CRPV26079470 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Microwave, Other, Oven Range - Gas, Refrigerator, Dryer, Washer |
| Flooring | Laminate |
| Laundry | Community Facility |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Garage, Off-Street Parking, Other, Garage: 2 Car(s) |
| HOA Fee | $0 |
Marie Morgenstern
Berkshire Hathaway HomeService
License #: 01962710
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 4 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Fremont Elementary School | public | K-5 | 0.48 mi | 8 |
| Mann Elementary School | public | K-5 | 0.59 mi | 7 |
| Lowell Elementary School | public | K-5 | 0.68 mi | 7 |
| Rogers Middle School | public | 6-8 | 0.73 mi | 8 |
| Jefferson Leadership Academies School | public | 6-8 | 0.86 mi | 7 |
| Wilson High School | public | 9-12 | 0.92 mi | 6 |
| Naples Elementary School | public | K-5 | 1.13 mi | 8 |
| Willard Elementary School | public | K-5 | 1.27 mi | 3 |
| Burbank Elementary School | public | K-5 | 1.34 mi | 7 |
| Bryant Elementary School | public | K-5 | 1.35 mi | 6 |
| Lee Elementary School | public | K-5 | 1.82 mi | 6 |
| Franklin Classical Middle School | public | 6-8 | 2.05 mi | 4 |
| Lincoln Elementary School | public | K-5 | 2.23 mi | 7 |
| Kettering Elementary School | public | K-5 | 2.27 mi | 8 |
| Gant Elementary School | public | K-5 | 2.29 mi | 9 |
| Richard D. Browning High | public | 9-12 | 2.30 mi | 5 |
| Bixby Elementary School | public | K-5 | 2.35 mi | 8 |
| Whittier Elementary School | public | K-5 | 2.37 mi | 5 |
| Stevenson Elementary School | public | K-5 | 2.39 mi | 5 |
| Jessie Nelson Academy | public | 6-8 | 2.46 mi | 3 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1717 Temple Ave | $1,850,000 | – | – | – | Active |
| 237 Covina | $1,749,000 | – | – | – | Contingent |
| 3414 E 1st | $1,850,000 | – | – | – | |
| 1052 Belmont | $1,790,000 | – | – | – | Active |
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This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Marie Morgenstern.